Don't think they're being underwritten or extended.
When a material raising is announced pretty sure the company is required to disclose a forecast 3b. I think this is just flagging to market that up to 80m (20%) of new shares may be issued by mid Sept (ie a few weeeks for process after 31 Aug B Pay deadline). Clearly not looking likely now though.
Confusing, but I can see why ASX require it - so people are at least aware that a material number of new shares may be issued imminently so they can be factored in to potential market cap.
A cover note would have helped.
Don't think they're being underwritten or extended. When a...
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 110 | 6252092 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 695532 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |